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Metro Media News 7 Video Report Compares MODS to Lego, Belittles “Mobile Homes”

October 18th, 2018 Comments off

DenverChannel7ABCNewsFactoryHomesFulfillShortageDailyBusinessNewsMHProNews

The Denver Channel’s Connor Wist and their video news team filed a report that spotlighted developer Adam Berger’s use of modular construction as a way of addressing the demand for more affordable homes, in a labor-tight market.

 

Modular and manufactured housing professionals and investors know the story well.

By building it off site you control your labor costs, you control your construction scheduling,” said Berger told Denver 7.Ultimately you’re able to deliver housing at a price that people can afford to buy, which is an issue with the Denver market.”

 

Part of the reason why we can do it so quickly is because essentially everything in the unit is finished,” said Berger.

The station invites feedback on their report, see their story, linked here.  They used the term “mobile home,” in their report.  Do they know there have been no mobile homes built in the U.S. since June 15, 1976?

Terminology2HarvardFreddieMacNeighborworksManufacturedHomeDefintionMobileHomeTraileModularPanelizedDailyBusinessNewsMHProNews432

MHProNews plans to reach out to the station, and see if they will update or do a report that clarifies issues about HUD Code homes that are missed, which they otherwise provided a fair and useful report for modular building. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

$300 Billion Market, As Predicted, Jeff Bezos’ Amazon Alexa Fund Dives Deeper into PreFab Homes

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“The Creepy Line” Video DocuDrama, Manufactured Housing – The Problem, Solution, and You

October 18th, 2018 Comments off

 

TheCreepyLineDocuDramaVideoManufacturedHousingProblemSolutionYouDailyBusinessNewsMHProNews600

If MHProNews is writing about it, I want to know about it.”
Manufactured home industry executive reader.

 

Manufactured housing professionals use Google and Facebook for work and personally every day by the thousands.

Further, millions of manufactured home residents are doing the same.

Perhaps the most pressing, there is only one political force that is likely to take on this problem with anything might approach a solution.  These points are the ones that no one else in mainstream media are likely to mention, but will be the conclusion of this report on the subject of the raw power that Google and Facebook exercise in the U.S. and globally.

An eye-opening documentary, The Creepy Line reveals the stunning degree to which society is manipulated by Google and Facebook and blows the lid off the remarkably subtle – hence powerful – manner in which they do it,” per the summary/review on Rotten Tomatoes.

As former Google CEO Eric Schmidt said during a 2010 interview as he explained Google’s code of conduct: “The Google policy on a lot of things is to get right up to the creepy line and not cross it.”

However, as Dr. Robert Epstein explains in the film, “Google crosses the creepy line every day.”

The Verge’s review makes the movie sound too political.

 

But Epstein explains during the video that he believed the person in the 2016 election that was benefiting from search engine bias was the more “qualified” candidate. Epstein explains how he was drawn into his research into the “Creepy Line” by inexplicable action taken by Google.

RobertEPsteinManufacturedHousingIndustryDailyBusinessNewsMHProNews

Further the Verge made several salient points. “It [the video] takes its title from Google executive Eric Schmidt, who said in 2010 that Google’s job was to “get right up to the creepy line and not cross it.” Schmidt has gotten no end of flack for that quote, and it’s easy to point out that Google is, in fact, often very creepy.”

The Verge’s review says, that “This theory [the premise of the documentary “the Creepy Line”] has been fueled by news about political discussions within companies — like Google’s internal controversy over employee James Damore, who was fired after circulating a memo criticizing the company’s gender diversity efforts. Breitbart recently published a leaked video from a Google meeting just after the 2016 election of Donald Trump, which includes co-founder Sergey Brin calling Trump’s presidency “deeply offensive.”

It’s the Verge that points out the push from across Democratic and Republican party lines for antitrust action against Google and Facebook.

CNS lays out one of several reasons how these experts discovered the problem, in a personal way. “Jordan Peterson,” a “professor of psychology at the University of Toronto, Peterson discovered a day after his testimony against a controversial Canadian law suppressing free speech regarding gender that his YouTube account and Google gmail account had been blocked.”

 

Manufactured Home Industry Pros and Rigged Searches – A.K.A. “Search Bias”

This isn’t just a search challenge in political issues, because it can happen in business too.  There are industry pros who have told MHProNews that sites that once had better search results suddenly and dramatically took a turn for the worse.

 

 

If a monopoly of money and information can influence politics, it can clearly influence businesses too.

 

 

DannyGloverQuoteItsNotOnlyAMonopolyOfWealthItsAmonopolyofInformationasWellDailyBusinessNewsMHproNEws

Danny Glover quote from the fascinating video documentary, Shadows of Liberty, posted on the linked page above.

 

“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

The fast-paced, engaging docu-drama “The Creepy Line” points out that at one point in time, no one spends more lobbying Congress than Google. Other sources indicate that Facebook is not far behind. But on this most recent cycle, Jeff Bezos has given millions personally to candidates.  Is there any doubt that he’s trying to buy votes to prevent antitrust action against Amazon and his other investments, which now include factory built housing?

 

$300 Billion Market, As Predicted, Jeff Bezos’ Amazon Alexa Fund Dives Deeper into PreFab Homes

 

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“…Epstein’s arguments are delivered in detail by a first-hand source,” but the Verge points out that other headlines and a variety of sources are used throughout the powerful documentary that even Rotten Tomatoes says is “eye opening.”  The Verge defends Google by saying that yes, they are biased, but that bias “is complicated.”

This is at the heart of the issue that we’ve been reporting on periodically for some time, which has included the work of Scott Galloway, who argues that regulation isn’t enough.  He and others believe that these tech giants must be broken up.

If you watch this on Amazon Prime, you’ll see why the Trump Administration is signaling that operations like these could be targeted with antitrust action after the midterms.  You can see a draft executive order on antitrust from the Trump Administration in the related reports further below.  That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

 

Morgan Stanley, CNBC – Investors Want GOP Wave but Ponder Split Control of Congress, Plus MH Market Updates

For Independents, Independent-Minded MH Professionals, and Freedom-Loving Investors Only, Sunday Headline News Recap 10-7 to 10.14.2018

Manufactured Housing Institute (MHI) PAC Supports Former Hillary Clinton VP, Senator Tim Kaine, Other Anti-Trump Agenda Democrats

 

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Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

October 18th, 2018 Comments off

ManufacturedHousingInstituteLogoMHILogoShipmentReportAugust2018ModularManufacturedHomeMHProNews

jenny-hodge-manufactured-housing-institute-mhi-national-communities-council-ncc-posted-mhmarketing-sales-management-mhpronews.com

Jenny Hodge, MHI VP and National Communities Council (NCC)

On October 12, Jenny Hodge at the Manufactured Housing Institute (MHI) released the new HUD Code manufactured housing shipment data report. That report was sent to the Daily Business News on MHProNews for analysis and commentary.

Hodge is doing her job. As readers learned from yesterday’s “#Me Too” report, the reins are held tightly at the Manufactured Housing Institute offices. So, this analysis should not be construed as a critique of Hodge.

ICYMI, or need a refresher as to how this relates to a relatively mundane task of providing shipment numbers, yesterday’s inside look at the Arlington offices is linked below.

Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

Hodge began her report with the headline, “9,091 New HUD Code Homes Shipping in August 2018 First 9,000+ Month since 2007.”

It was a great month for production!” is a quote shared from sources which said that Hodge’s point in her headline was underscored by Pam Brillhart, Project Coordinator of Federal and State Programs, Institute for Building Technology and Safety (IBTS). IBTS gathers the data for the federal government, and provides them to HUD and others as a contracted service.

Rephrased, IBTS gathers data, and MHI is one of the sources that obtains that information from them for a fee.

Indeed, the industry has some cause to ‘celebrate’ rising shipment totals. But those totals need to be fully grasped, in the context to the reality that they are still at historically low levels. There were individual producers of pre-code mobile homes and post HUD Code manufactured homes that used to produce that many or more homes per year.

Hodge said that, “In August, 133 plants representing 37 corporations reported production data which is the same as July 2018.”

Compare that with the MHI production company chart history, shown below. It is 73 fewer HUD Code builders than started in 1990. That is fewer HUD Code builders than when Berkshire Hathaway entered manufactured housing in 2003.

Rephrased, manufactured housing was down on the mat. There were individuals who were long time veteran professionals in 2008-2010 that thought the manufactured housing industry was going to go the way of the “buggy whip.” They believed that industry was dying.

Thankfully, that proved wrong.  But the industry was brought to its knees, and that resulted in “consolidations.” Several of those who have sold to Clayton, for example, have told MHProNews that they didn’t get much for their businesses.  Isn’t that in keeping with Warren Buffett’s dictum that he loves a bargain?

Let’s look deeper.

Of the 9,091 homes shipped in August, there were no homes designated as FEMA units,” an apt point because FEMA artificially gooses the number. And as sources are telling MHProNews, there appears to be a move at FEMA away from the use of manufactured homes as much as possible, in favor of RVs or other temporary rental lodging options.

Manufactured Housing Shipments “The SAAR” 

In conventional as well as manufactured housing, there is a SAAR. Here is how Hodge’s report read.

The seasonally adjusted annual rate (SAAR) of shipments was 98,104 in August 2018, up 5.8% from the adjusted rate of 92,694 in July 2018. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.”

Put differently, there were MHI producers who last year expected to do some 107,000 (+/-) new HUD Code manufactured homes. Modular, tiny and other non-HUD Code factory built housing product would be in addition to those totals.

In August 2018, new manufactured home shipments increased 7.9% to 9,091 homes as compared to the 8,425 homes shipped in August 2017,” per MHI’s info from Hodge. “Total shipments for August 2018 are higher by 2,340 homes when compared to the prior month of July. Compared with August 2017, the trend is positive with shipments of single-section homes up by 6.0% and multi-section homes up by 9.5%. Total floors shipped in August 2018 increased 8.5% to 14,174 compared to August 2017.”

What Does it Really Mean?

Look at states like Michigan or Florida, where sizable numbers of units designed to be rentals are being shipped into manufactured home communities. Who else in manufactured housing trade publishing is telling the industry’s independents that factories see a warning sign in the data. What happens when shipments into communities slow down? Given that few new communities are being built, if zoning, finance, acceptance and other issues aren’t successfully addressed, in 3 to 5 years, the industry could plateau.

Winners and Losers, 5 Midwestern States, Manufactured Home Shipment Breakdown

Here is the HUD Code shipment data for August 2018, by state.

ManufacturedHousingHomesUnitsProductionByStateAug2019IBTSDailyBusinessNEwsMHProNews

Look at the state production data, to realize just how low the numbers can be.

ManufacturedHousingHomesUnitsProductionByStateAug2019IBTSDailyBusinessNEwsMHProNews

Then, recall that RVs are blowing manufactured housing away.

RVsshipmentsTrailedMH1998WinnebagoDailyBusinessNewsMHProNews

Dick Jennison and Lesli Gooch were described as “control freaks” in yesterday’s report by MHI office insiders.

ManufacturedHomeMHShipments1990-2017DailybusinessNewsManufacturedHousingMHProNews

As in any office or operation, there are people at MHI that have formed personal relationships. There is chatter outside of the office, not just in it. Even ‘lower level’ staff can hear and share insights with the operation’s several ‘vice presidents.’

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. Evidence? See Related Reports and videos, linked below, which quotes and cites BH, MHI, CMH, 21st Mortgage Corp, and other sources.

It is human nature. People who are “bullied” in an office find ways of dealing with that kind of harsh or “hostile work atmosphere.

One more reminder before closing this report. Sources said what industry readers should already know. The marching orders for MHI comes from the MHI Executive Committee. When one wonders why MHI spent years chasing after Preserving Access, and then abandoned half that goal in favor of the inclusion in S 2011, those marching orders come from the Executive Committee.

There are voices from within MHI’s membership that have asked if it isn’t a conflict of interest for Clayton Homes – which has site built housing and is part of Berkshire Hathaway conglomerate that has deep real estate interests – is exerting influence to keep production at low levels. See the related reports, further below.

Then ask yourself when RVs are roaring, and MH is snoring, why Richard ‘Dick’ Jennison was trying to tell the industry that it should grow slowly? Who does that benefit?

MHARR’s report on the same data was published earlier, and can be found at the link below.

Strong HUD Code Production Growth in August 2018

More in an upcoming report from inside Arlington, VA’s office at MHI in the hours and days ahead. “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

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Related Reports:

For Independents, Independent-Minded MH Professionals, and Freedom-Loving Investors Only, Sunday Headline News Recap 10-7 to 10.14.2018

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

Reminder to Clayton Homes. Cavco Industries, and Skyline Champion Employees

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10 Year Record for America, U.S. Named World’s Most Competitive Economy

October 17th, 2018 Comments off

 

USNamedWorldsMostCompetitiveEconomyDailyBusinessNEwsMHProNews

If Democratic strategist and Clinton adviser, James Carville was right when he said, “It’s the economy, stupid.” He said that to describe what matters the most to voters.

 

If so, then this should be good news for the Trump Administration.  As MHProNews has previously reported, Larry Kudlow, the economic advisor to the president, has sung the praise of our economy compared to any other on earth.  This confirms that claim.

If you want to sell more manufactured homes, clearly, a good economy is better than a lackluster or sagging one.

The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0,” said the World Economic Forum (WEF).

 

WorldEconomicForumManufactruedHousingIndustryDailyBusinessNewsMHProNews

The report covers 140 economies. The Global Competitiveness Index 4.0 measures national competitiveness—defined as the set of institutions, policies, and factors that determine the level of productivity.

For the first time in a decade, the United States was named the world’s most competitive economy on Wednesday, per the WEF.

 

US#1WorldEconomicForumManufacturedHousingINdustryDailyBusinessNewsMHProNews

The Global Competitiveness Index named Singapore and Germany as #2 and #3.

The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. It provides a much-needed compass for policy-makers and other stakeholders to help shape economic strategies and monitor progress,” said the WEF.

The 10 least competitive economies

1.    Chad

2.    Yemen

3.    Haiti

4.    Angola

5.    Burundi

6.    Congo

7.    Sierra Leone

8.    Mozambique

9.    Liberia

10.  Mauritania

The high U.S. ranking may be part of the attraction for foreign capital coming to the U.S. some of which has been deployed in the factory-built housing arena.

 

See related reports, linked below. That’s this evening’s “News through the lens of manufactured homes, and factory built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

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Budget Cuts, Mick Mulvaney, and Manufactured Housing Market Updates

October 17th, 2018 Comments off

CNNmoney10.17.2018ManufacturedHomeStocksMarketsReportsMHProNewsPersonal federal income tax revenues, as MHProNews recently reported, are actually rising since the tax cut.  That’s the historic pattern too. That said, with interest rates rising, those rates impact the federal budget more than anything other single entity in the nation. What it will take to cut the budget is the focus of these evening’s market report, which features an interview with the Bureau of Consumer Finance (formerly called the CFPB), and budget director, Mick Mulvaney.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Netflix has plenty of room left to grow
  • Tesla was fined $20 million for Elon Musk’s tweets. Musk’s got it covered
  • Elizabeth Warren wants Toys ‘R’ Us to take care of its 30,000 laid off workers
  • The market roller coaster is making investors nauseous
  • Pot is now legal in Canada. These are the stocks to watch
  • Be wary of this tech stock
  • Perspectives: We’re just 2 years away from the next recession
  • The company is a confusing maze. Will the new boss cut the complexity?
  • Paul Allen’s battle with Bill Gates defined his legacy
  • Secret Service reviewing incident of agent blocking reporter from questioning Kushner
  • ‘The Conners’ debut nabs solid ratings, but drops from ‘Roseanne’ premiere
  • Addiction in the C-suite
  • E-Commerce Guide by CNN Underscored
  • The world’s first smart, reusable notebook is now less than $20
  • How high will oil go?
  • President Trump’s looming sanctions on Iran are the biggest threat to the market
  • Saudi Arabia is No. 2 supplier of oil to the United States
  • Saudi Arabia’s oil is a powerful weapon. But using it has big risks
  • Delta overcame rising oil prices by hiking fares

Select Bullets from Fox Business

 

  • Fed minutes: Strong economy supports rate hikes
  • Stocks edge lower in volatile session
  • This boxer just signed the richest sports contract in history
  • The 10 best cities for jobs right now
  • Anti-Nike tweet leads to sports executive’s resignation
  • Here are the Sears, Kmart stores closing by the end of the year
  • Here’s what it really costs to live like a billionaire
  • McDonald’s, Burger King get F on antibiotics report card
  • Biggest lottery jackpots in US history
  • Here’s how much it costs to buy a McDonald’s franchise
  • Truck driver shortage is ‘real’: Here’s how the Trump team plans to fix it
  • David Walker: There is no party of fiscal responsibility anymore
  • ‘Varney & Co.’ White House Exclusives
  • Trump’s regulation rollback is sparking US growth: Larry Kudlow
  • US-China trade: Larry Kudlow ‘cynical’ about its prospects
  • US is the largest oil, gas producer ‘on face of the planet’: Ryan Zinke
  • Trump: Saudi Arabia has a ‘tremendous order’ for weapons that can create 500,000 jobs
  • Trump threatens pullout from postal treaty favoring Chinese shippers
  • Trump asks Cabinet members to slash budgets in ‘nickel plan’
  • Trump trade policies to lift steel worker pay: Report
  • Rate hikes will squeeze economy, markets: Harvard economist
  • Student loan debt just hit $1.53T. Will the government forgive any of it?
  • Prudential no longer deemed ‘too big to fail’
  • Jaguars owner Shahid Khan drops bid to buy UK’s Wembley Stadium
  • A look at the world’s fastest toaster oven

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance10.17.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue10.17.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

BudgetCutsMickMulvaneyManufacturedHousingMarketUpdatesDailyBusinessNewsMHProNews

You cannot convince a Democrat to cut spending, said Office of Management and Budget Director Mick Mulvaney in the video posted below.

What the video interview doesn’t discuss is the fact that there actually could be a way that the budget can be brought under control, and it is obliquely mentioned.

Mulvaney explains that it normally takes 60 votes in the Senate to get a budget deal, so even a few Democrats can hold that up.

Right now, Republicans have only 51 seats in the U.S. Senate.

But there are more Democrats playing defense in the U.S. Senate than there are for the GOP.  Several races are close, and often those are already leaning Republican.

The graphic below reveals how the GOP could grab control of the Senate, by winning in the states that are shown below.

2018USSentateElectionMidtermsDailyBusinessNewsMHProNews

 

President Trump’s Nickel Plan.

President Trump announced today that he has asked his Cabinet to cut their departments’ budgets by 5 percent in what he dubbed the “nickel plan.”

“I am going to ask each of you to come back with a 5 percent budget cut from your various departments,” President Trump said during a meeting, per Fox Business. He added that the cuts will “get rid of the fat and waste” in the federal government. “I think you’ll all be able to do it.”

The plan would be on non-defense items, and would not include Social Security or Medicare, per sources.


Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

10.17.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

October 17th, 2018 Comments off

 

ManufacturedHousingInstituteLogoMHILogo#MeTooDailyBusinessNewsMHProNews600

The working conditions for women at the Manufactured Housing Institute (MHI) has been an issue since at least 2014, per association sources.

 

When multiple women at MHI stepped up and contacted MHProNews with their concerns, it was clearly an issue that needed to be addressed here on the Daily Business News.

In the #MeToo movement era, the question has been asked, is what has been taking place at MHI with regards to the steady stream of women who come and go a case of inappropriate sexual advances?

 

I would not call it inappropriate sexual behavior,” said one woman there.  Rather, “It has been personality conflicts in the office.” She described it as a difference in “leadership styles” than she had previously experienced in other jobs.

He … [Richard ‘Dick’ Jennison is] …the boss,” she said. “He is very insecure around strong women.”

Another female MHI vice president made similar comments about Jennison and women.

I’ve never been in [that] kind of environment,” before working at MHI. She explained that it was doubtlessly a factor for what has been described as a “revolving door” of employees at the Arlington offices.  See the related reports, after the byline on this report.

There was agreement that turnover at MHI is at higher than normal levels. The working environment was commonly cited, as one put it, because the “manufactured home industry” itself “is interesting.”  By comparison to MHI, several state associations or MHARR has far more staff stability.

A woman said she didn’t have much interaction with Gay Westbrook, other than at meeting.  She admitted Westbrook could be an exception to the rule of women having difficulties purportedly having difficulties working with Jennison.  But she also pointed out that Westbrook worked remotely.

Westbrook is MHI’s Political Action Committee (MHI-PAC) and PAC Administrative Fund vice president.

 

Vindictive

One woman described MHI’s Jennison as “Very vindictive.” She explained that he was good at masking it around others, for example during meetings with members. But in her view, it is “Part of his [Jennison’s] personality.”

A staffer told MHProNews that there were two “control freaks” at the office at MHI. When asked about those two, she identified them as Jennison and Lesli Gooch, Ph.D.  Gooch is their senior vice president (SVP), who the MHI website says handles their “legislative issues.”

Gooch made mainstream news when the Washington Post reported her saying that MHI had not asked for the removal of Pam Danner at HUD. By contrast, WaPo reported that Mark Weiss, J.D., President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) had pushed for precisely for Danner’s removal over the HUD Code Office of Manufactured Housing Programs (OMHP).

WaPo made it clear that Weiss and MHARR were ultimately successful in that effort.

 

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

There are several former or current staffers that MHProNews has not yet had replies from on the issue of inner office “theatrics” and unnecessary “drama.”  So it is possible that more comments relating to #MeToo concerns, or other issues may surface.  ICYMI, readers are reminded of a prior insider report, linked below, which has had thousands of hits in a matter of days.

 

Financing – Dramatic Shift – Manufactured Housing Institute (MHI) Insider News Tips

 

But as more than one source connected with MHI has said, and the Daily Business News has previously reported, the number of reports may be due in part because of MHI’s use of non-disclosure agreements (NDAs) with their staffers.

 

NDAs, Warren Buffett, Richard ‘Dick’ Jennison, Manufactured Housing Institute (MHI), and MHVille

 

So, at this point in time, the common refrain from MHI is summed up describing Jennison as using “bullying” and other intimidation tactics, not #MeToo connected concerns.

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Unrelated to Women…

Another issue raised was about Rick Robinson, MHI’s General Counsel.  He was likewise being described by insiders as hobbled.  Among the common themes alleged from varied sources was that staff had to “get permission” to do “whatever” from Jennison and/or Gooch.

Robinson was asked about such concerns, and declined to comment.

Part of the concerns from insiders extended to Robinson’s limited ability to engage on zoning related problems, as it commonly impacts manufactured housing.  A letter by Robinson to HUD on Affirmatively Furthering Fair Housing (AFFH), is not the same as actual action, as one professional explained it.

That’s an important issue for the industry.

Because MHProNews specifically asked MHI’s leadership about a specific and troubling case of alleged discrimination in Indiana.  MHI failed to reply, and per sources, they never contacted that city prior to the date of that report.

 

Rumble over Anti-MH Law-State Association, Manufactured Housing Institute (MHI), Clayton Homes, and MHARR

 

See more connected to inside MHI insights in the related reports, below the by line.

There is more that will be highlighted in an upcoming report that probes the relationship between the MHI Executive Committee and MHI staff, among other issues. ## (News, analysis, and commentary.)

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Related Reports:

MHI SVP Lesli Gooch & MHARR CEO Mark Weiss Bookend New, Prior HUD Controversies

Sexual Harassment-Not Just Hollywood, Media, Politicos-Manufactured Housing Workplace Claims, High Profile MH Cases Too?

Where there is Smoke…is there Manufactured Housing Institute Fire?

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New National Manufactured Housing Association Makes Its Appeal to Industry Members

October 17th, 2018 Comments off

NAMHCONationManufacturedHousingCommunityOwnersAssociationLOGOdailybusinessnewsMHProNews

The greatest hindrance and the greatest threat to the industry is not the economy, the homes or the communities, it is governmental interference and over-regulation,” said Neal T. Haney.

 

The manufactured housing industry has long been a mainstay of affordable housing in the United States. For decades the industry has provided an unmatched quality of life with an affordability not seen in any other sector of the housing market. The homes and the land lease communities in which they are situated have become fixtures across the country providing an affordable, quality lifestyle to all segments of our population. Over the years it has seen its ups and downs, but has been able to survive and even thrive through the difficult times,” said Haney, the president of the newly formed National Association of Manufactured Housing Community Owners, Inc. – or NAMHCO.

We’ve been reporting on the emergence of a new association for community owners, in articles like the ones linked further below.  It is a move that the Manufactured Housing Association for Regulatory Reform (MHARR) has been encouraging for years.

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

Now, that new NMHCOA association is taking shape.  Their organizers are making their appeal in writing.

 

The Manufactured Housing Communities of Arizona (MHCA) is a statewide association representing community owners in Arizona. As state associations do, the MHCA has been very active and productive at the state level in combatting governmental interference with its burdensome regulations and obstacles,” said Haney, as he walked through some history. “At the state level most community owner associations have been able to not only monitor proposed local and statewide legislation, but interact with legislators to prevent onerous regulations that are detrimental to our industry.”

 

‘No Effective National Representation’…

The national legislation and rule making over the last ten years has proven that we do not have that representation” at the federal level, Haney explained. One only has to look at the passage of the Safe Act and the Dodd-Frank Act to see how devastating and onerous national legislation can be. Other similar chattel groups (the RV industry) saw the proposals and their representation managed to have them exempted.”

It was a devastating finger pointed at the Manufactured Housing Institute (MHI), which two state community associations broke from last year, due to a lack of effective national representation.  The group passed out literature at MHI’s annual meeting.

 

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

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The national organization to which we belonged [i.e. MHI] was apparently unaware of the legislation and its ramifications until after passage and it was already being implemented. The rule making in the aftermath has been horrendous and little if anything has been done to stop the bleeding,” said Haney’s letter. 

Recently, HUD has issued rules concerning the screening of prospective tenants for our communities. Again we find no one aware of what is happening, much less advocating on our behalf. Installation requirements are being implemented that have no basis in common sense and the result will be additional burdens on community owners and added costs for homeowners,” said Haney.

We need someone to advocate on behalf of the community owners. This singular task needs to be done at the congressional level and in the departments that make policy affecting our industry. Every community owner, and every association that is accepting membership dues from community owners, should be concerned with the lack of representation at the national level and should be involved in finding adequate representation. If you are willing to be a part of the solution, please contact our association office.”  Haney pointed to Susan Brenton, who has served the Arizona community owners for several years.

Brenton previously worked with resident groups in her state, so she is aware of the dynamics on both sides of that fence.

Brenton’s contact information is: 2158 N, Gilbert Rd., Suite 116, Mesa, AZ 85203, 480-966-2446 • suebrenton@me.com.

It should be noted that MHProNews is reporting on this ongoing development of the NAMHCO, and is not taking a position on this particular group either way at this time. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

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HUD Secretary Carson Visits North Carolina, POTUS to FL, Survey Hurricane Damage, Response Efforts, Federal Funds

October 16th, 2018 Comments off

HUDSecretaryNCPOTUSFLSurveyHurricanDamageResponseFederalFundsDailyBusinessNewsMHPronews

On Monday, Dr. Ben Carson, Secretary of the Department of Housing and Urban Development (HUD), joined Alex Acosta, Secretary of the Department of Labor , Senator Richard Burr (NC), Senator Thom Tillis (NC), and Congressman David Rouzer (NC-7) in North Carolina to visit areas impacted by Hurricane Florence,” said HUD in a statement to the Daily Business News on MHProNews.

 

After touring damaged areas, Secretary Carson, Secretary Acosta, Governor Roy Cooper, Congressman David Price (NC-4) and Congressman G.K. Butterfield (NC-1)  received a briefing on the recovery efforts at FEMA’s Joint Field Office,” the federal spokesperson stated.

We work for the people, the people don’t work for us,” Secretary Carson explained. “The best way to actually work for the people is to see what the people are doing, to hear from the people themselves.”

Carson subsequently was interviewed by One America Network News (OANN). Emerald Robinson spoke with HUD Secretary Ben Carson to discuss the department’s work with FEMA, federal loans, and other coordination efforts.

 

 

Meanwhile, President Donald J. Trump, the first lady Melania, and GOP Senate hopeful Governor Rick Scott visited Mexico Beach, Florida to tour the devastation left behind by Hurricane Michael.

 

 

HUD previously sent a statement to MHProNews that includes potential opportunities for manufactured and modular housing professionals in the wake of Michael, and/or other disasters, such as Florence.

 

HUD Announces Post Disaster Assistance for Hurricane Recovery

See that prior report, linked above.

These videos are also stark reminders that conventional housing can fail spectacularly in such storms, as block after block of devastation reveals. Check the related reports, further below the byline. That’s this evening’s “News through the lens of manufactured homes, and factory-built housing.” © ## (News, analysis, and commentary.)

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Related Reports:

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

 

Weather Expert’s Surprising, Bombshell Statement on Tornado Deaths and Affordable Manufactured Homes

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Morgan Stanley, CNBC – Investors Want GOP Wave but Ponder Split Control of Congress, Plus MH Market Updates

October 16th, 2018 Comments off

CNNmoney10.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsCNBC’s and Morgan Stanley observations are interesting, but we’ll briefly lay out why there are likely 50 percent wrong.  With the biggest single day rise since the spring of 2018, the CNBC/Morgan Stanley and related will be this evening’s market focus, found further below.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Netflix now has more than 137 million subscribers
  • What tension with Saudi Arabia means for investors
  • For America’s biggest banks, Saudi crisis strains a lucrative relationship
  • Perspectives: Banks around the world are cashing in on an untapped market — women
  • Hedge funds have killed Sears and many other retailers
  • Instacart is now valued at $7 billion
  • Paul Allen, Microsoft’s co-founder, has died at the age of 65
  • Perspectives: Why robocalls are about to get a lot more dangerous
  • These companies got rid of job titles. Here’s what happened
  • Shifting gears in Genovation’s electric Corvette
  • This floating pipe is trying to clean up all the plastic in the ocean
  • E-Commerce Guide by CNN Underscored
  • The world’s first smart, reusable notebook is now less than $20
  • Dow spikes 548 points
  • Investors cheer fat corporate profits
  • Strong corporate earnings boost stocks
  • American wages go up in the third quarter
  • Jamie Dimon is feeling good
  • Why quarterly earnings reports are a necessary evil

Select Bullets from Fox Business

  • Trump: Federal Reserve is my biggest threat
  • Job openings hit record 7 million, plenty for the 6 million unemployed
  • Dow soars 548 points as earnings, jobs data excite investors
  • Netflix surges on massive subscriber growth
  • Here are the Sears, Kmart stores closing by the end of the year
  • USA Gymnastics chief resigns over anti-Nike tweet, addresses Kaepernick
  • Processed American cheese is dying, here’s why
  • Timing the next recession? Here’s when it could hit
  • Uber IPO could be worth up to $120B
  • US, China trade war: Why robots may be a game-changer
  • Allies soften tone on US trade policy: Here’s why
  • FBN’s Stuart Varney on Sen. Elizabeth Warren’s DNA test results.
  • Kennedy: Hillary still backs Bill’s abuse of power
  • Media attacks on Kanye West reveal bias: Trish Regan
  • Microsoft co-founder, Seahawks owner dies at 65
  • These big retailers closing stores, filing for bankruptcy
  • Here’s how much it costs to buy a McDonald’s franchise
  • Blue Ridge Fudge Lady: A lot of sweetness, a whole lotta gumption
  • Saudi WWE wrestling events should go on: John Layfield

 

Today’s markets and stocks, at the closing bell…

10.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue10.16.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

MorganStanelyCNBCRedBlueSplitcongressPlusMHMarketUpdatesDailyBusinessNewsMHProNews

Other than moat-minder investors, most like bulk of the policy results so far under President Donald J. Trump.   Per left-of-center CNBC, here are their bullets, followed by graphics from Morgan Stanley, and then followed by other third-party data that will give those who want a red wave to carry both the House and the Senate to take heart.

Per CNBC:

  • With the odds for a blue wave fading, the market is pricing in a split Congress after the mid-term election, and strategists expect stocks to rally no matter the outcome.
  • However, on the outside chance Republicans sweep, the market could actually do better in the year after the election.
  • For the bond market, strategists see slightly higher rates if Republicans win both houses because of the prospect of more tax cuts and more U.S. debt.

Per Morgan Stanley: note we believe that option two is the more likely one, and that the odds are higher than they suggest.

MorganStanelyCNBCRedBlueSplitDailyBusinessNewsMHProNews

No one knows it all, and our crystal ball is imperfect. That said, we were correct in 2016, when others were saying ‘no chance.’  Some of the same kinds of indicators that led MHProNews to project an insurgent Trump win for the White House in 2016, and allowed the GOP to hold a narrow grasp of the House and the Senate are reasons why a Red Tide is more likely than not.

While noting it all comes down to people going to the polls – that means you too – let’s recap some evidence as to why the Dems may be disappointed on midterm election night 2018, just three weeks from now.

1)    535’s pundit Nate Silver, left leaning, says a split likely and is less sure of his forecast than he was in 2016, when he was dead wrong.

2)    Rasmussen, which was one of the more accurate polls in 2016 has President Trump hovering around 50 to 52 percent job approval.

3)    While the Washington Post disagrees, Rasmussen says that POTUS Trump is now at 36 percent approval among African-Americans.

4)    Consider that the BBC reminds us that in 2016, Donald J. Trump won “8% of black voters – 88% voted for Clinton.” That was 8 percent in 2016 was enough for Candidate Trump to make states like North Carolina tilt red. Even if it is less than 36 percent, as WaPo suggests, if minorities and Anglos turn out and vote in equal proportions, expect a red tide, not a blue wave.

5)    Gallup surprisingly showed in September that approval of the GOP is at a multiple year high.

RepublicanPartyGainsGrondGallupFavorableViewsofGOPDemocraticPartiesSept2018DailyBusinessNewsMHproNEws

This poll was finished before the completion of the Judge Kavanagh hearings. The energy on the right has risen since then.

The strong drum beat from the anti-Trump wing of the media reveals concern, not confidence. There’s more but that’s enough for this evening.

With the Kanye West effect, and a growing number of non-traditional support growing for the 45th President and the GOP that has provided the strong economy in decades, it is difficult to see how rational voters will vote against their own self interests.

Time will soon tell.

Related Reports:

“It’s the Economy, Kavanaugh” – Ted Cruz vs Beto O’Rourke TX Senate Race, Plus MH Market Updates

Manufactured Housing, Money, & Midterms, From KNOXVILLE, TN, & Beyond – Plus MH Market Updates

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

10.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

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Big Manufactured Home Community Operator, MH Owner Kid Rock, John James, Donald Trump Jr, and Debbie Stabenow

October 16th, 2018 Comments off

 

BigManufacturedHomeCommunityOperatorMHOwnerKidRockJohnJamesDonTrumpJrDebbieStabenowDailyBusinessNewsMHProNews600

FEC filings and manufactured home (MH) industry sources are telling the Daily Business News on MHProNews that one of the big MH community operators is a large supporter of the campaign of U.S. Senator Debbie Stabenow (MI-D).

 

While it is public record, that community operation’s name will be revealed later, as other industry ties to Stabenow are being explored.  Rephrased, expect more than one tie-in, if sources are correct.

Michigan has been one of the top states in the U.S. for manufactured housing shipments in recent years, as data from the Manufactured Housing Association for Regulatory Reform (MHARR) reports. See the latest MHARR shipment report says the state is number 9 in the U.S.  Linked below the graphic are more new manufactured home shipment details.

Top10ManufacturedHousingshipments2018CummulativeManufacturedHousingAssocRegulatoryReformMHARRTXLAFLALNCMSCAKYMITN-DailyBusinessNewsMHProNews

Strong HUD Code Production Growth in August 2018

 

Manufactured Home Owner, Star Kid Rock

Multimillionaire manufactured home owner Kid Rock is supporting Stabenow’s opponent.

Focused MHProNews readers may recall that Kid Rock, a.k.a. Robert Ritchie, feigned a campaign run for the Stabenow U.S. Senate seat last year. He did so under the cover of a voter registration drive. A Daily Business News report last year is packed with more videos, hilarity, and edgy political insights.

 

“Born Free,” “Po-Dunk” Manufactured Homeowner Kid Rock Updates Senate Race Status

 

Kid Rock’s popular music video Po-Dunk features his personal camo multi-sectional manufactured home. While salty and suggestive, his video celebrates the Bible, Guns, and Gritty Americans of all racial backgrounds that are often unjustly dismissed. Many of those in the video below are depicted as living in manufactured homes. Po-Dunk has had over 19 million views.  It’s posted below.

 


Rock and Donald Trump, Jr. are supporting John James for the U.S. Senate in MI.

DonaldTrumpJrAmeicanBusinessmanWikipediaDailyBusinessNewsMHProNews

James is running in a state that President Trump won narrowly in 2016, as part of his upset victory. Rock said that James in the U.S. Senate will make “D.C. liberals cry,” said the News Herald.

JohnJamesBusinessmanVetGOPUSSenateCandidateDailyBusinessNewsMHProNews600

Donald Trump, Jr. has been a ‘hot ticket’ on the GOP fundraising and stump, report numerous mainstream media sources.  Trump Jr. and Rock are actively supporting John James.

Stabenow is a known commodity, gets plenty of big Democratic donor money.  She votes with Senate Minority leader Chuck Schumer 91 percent of the time, per ProPublica. Among several positions that should  concern most manufactured home business professionals and investors is her vote for Dodd-Frank.

SenatorDebbieStabenowProPublicaDailyBusinessNewsMHProNews

The gap between James, a relative unknown compared to Stabenow, is closing rapidly.  See the RCP graphic, but note the MHProNews commentary.

RealClearPoliticsRCPDebbineStabenowJohnJamesDailyBusinessNewsMHProNews

Long-time readers here may recall that in 2016, the Daily Business News reported on the wide support among manufactured home industry professionals of candidate Trump. The margin between manufactured home residents favored Trump too, but by as big a margin as professionals.

Editorially, we backed the candidate in the spring of 2016, in an article that was later posted on Donald J. Trump campaign

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

As discerning manufactured home professional readers of the Daily Business News are discovering, MHI ‘big boy’ backers and their political allies are funding candidates in several key races. See the latest link below. But ICYMI, see the related reports after this writer’s by line.

 

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

 

With the “Kanye effect” – President Trump’s support among blacks and minorities have been steadily rising.  It is now near or at historic highs in the modern era.  It is always all about turnout at the polls. But if that trend holds, it spells the opposite of what many mainstream media pundits suggest is a coming blue wave.

Risk Taking! Kanye West, Jim Brown, POTUS Trump Oval Office Meeting, Plus MH Market Updates

More likely – again, based upon turnout to vote – is a red wave.  Even mainstream media polling shows the shift toward GOP candidates.

The so-called ‘big boys’ in manufactured housing are often, but not always, lining up with the Democrats.  7 of the top 10 U.S. billionaires are supporting Democrats.  The Koch brothers, who are often touted by Democrats as the big donors for the GOP, are not siding with the President Trump on immigration, a top issue for the president and his base.  ICYMI, or need a refresher, see the related report, linked below.

Danny Glover, Presidents Barack Obama & Donald Trump, Promises Kept, and Affordable Manufactured Housing

The bottom line on this topic for now is this.  Unscientific indicators – people who tell MHProNews how they intend to vote – are strongly leaning toward the Trump agenda and the GOP candidates he supports. By contrast, some of the bigger names in the industry are financially supporting heavy regulation Democrats.

Was Manufactured Housing Advocate Congressman Andy Barr Backstabbed?

The good news is that 2016 proved that voters can trump – pardon the pun – the Democratic donor class. These are details that no one else in MHVille are bringing to you – and in some cases, per MHI sources – contradict information that the Manufactured Housing Institute (MHI) has been telling their members.

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

Election guru Nate Silver, who predicted a Secretary Hillary Clinton win in 2016, admitted in a tortured way recently that the races are toss-up.  Talk radio king Rush Limbaugh said

Here, we cite sources, follow the evidence, and follow the money.

Opinions are a dime a dozen. It’s evidence, not mere opinion, that matters to professionals who want to know what to expect the midterm impact to be on their business or investments.

Maybe MHProNews’ strong track record on politics as it relates to elections are a big reason why the industry’s professionals are flocking to MHProNews in record numbers?  That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. (News, analysis, and commentary.)

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Related Reports:

Manufactured Housing Institute (MHI) PAC Supports Former Hillary Clinton VP, Senator Tim Kaine, Other Anti-Trump Agenda Democrats

 

For Independents, Independent-Minded MH Professionals, and Freedom-Loving Investors Only, Sunday Headline News Recap 10-7 to 10.14.2018

Reminder to Clayton Homes. Cavco Industries, and Skyline Champion Employees

 

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